FLIR announces retirement of CEO and names successor

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FLIR Systems president and CEO Earl Lewis announced his plans to retire in a press release discussing first-quarter earnings today.

The head of Raymarine’s parent company said his retirement will be effective May 19. FLIR said Lewis will assume a senior adviser role to the company to assist the transition and will remain chairman of the board.

Andrew Teich, who has been president of the company’s commercial systems division, will become president and CEO.

“This is the culmination of a process that began more than two years ago with three of my direct reports completing the Harvard Advanced Management Program," Lewis said in a statement. “Approximately a year ago we formed a special committee of the board of directors and hired outside consultants to begin the difficult process of selecting one person from among three excellent internal candidates in Bill Sundermeier, Tony Trunzo and Andy. The difficulty in making a final decision was a result of the board's strong belief that all three were highly competent and capable leaders.”

"I look forward to leading this outstanding management team and our global group of dedicated employees to the next level of growth,” Teich said in a statement.

Click here for the full release.

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